Share Name Share Symbol Market Type Share ISIN Share Description
Sepura LSE:SEPU London Ordinary Share GB00B1ZBLD47 ORD GBP0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -1.22% 20.25p 20.00p 20.25p 20.50p 20.00p 20.50p 722,207.00 13:48:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 152.0 -15.2 -4.9 - 74.94

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Date Time Title Posts
05/12/201614:39Sepura plc2,929.00
24/11/201616:28New deals on land and in space for Sepura (SEPU)113.00
05/4/201317:11South African Police Service choose Sepura-
22/7/200812:59sepura-military and commercial radios11.00

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Sepura Daily Update: Sepura is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker SEPU. The last closing price for Sepura was 20.50p.
Sepura has a 4 week average price of 20.98p and a 12 week average price of 18.66p.
The 1 year high share price is 198p while the 1 year low share price is currently 10p.
There are currently 370,082,470 shares in issue and the average daily traded volume is 3,057,785 shares. The market capitalisation of Sepura is £74,941,700.18.
ohdearohdearohdear: Apf is a very poor ramper. You can currently sell your shares for 19.75p. The bid is 22p (max) I have said ever since the share price was at 27p and above. If and when the bid falls through, the share price will drop below 10p. The Company would then be in serious financial hardship (read the last RNS) and they will raise funds at below 5p a share. This is how it will pan out. IMHO of course. There is not much time left to take advantage of the 19.75p that is on offer.
larva: Chinese corporation bids to acquire Sepura sepura, cambridge, communications Another Asian corporation is set to hoover up a Cambridge UK technology company in a state of financial flux. Communications technology business Sepura confirms it is in talks with Chinese company Hytera Communications Corporation Ltd. It will be an all-cash deal but the acquisition price will be moderate because digital radios company Sepura is in a mess because of cash liquidity issues. Sepura revealed the takeover talks after its share price spiked more than 25 per cent having nosedived in recent times due to cashflow issues and order delays. Hytera is a world leading solution provider of professional mobile radio communications and operates globally. Late today, Sepura issued a statement on London Stock Exchange confirming it was in preliminary talks with Hytera regarding a possible offer for the entire issued and to be issued share capital of the company. Hytera confirmed to the Sepura board that any offer was likely to be solely in cash. The usual caveats were issued that there was no certainty any deal would go through and shareholders would be updated on new developments. Founded in 1993 in Shenzhen, China, Hytera has grown to be a key player in the PMR (Professional Mobile Radio) communication industry with a large customer base in more than 120 countries and regions across the world. In China, Hytera's market share ranks first among Chinese manufacturers while globally Hytera has reached second place in the overall terminal category. As one of the few corporations that masters TETRA, DMR and PDT technologies, and produces all series of products and solutions of all these mainstream digital protocols, Hytera leads in the draft of digital trunking standard in China. Its acquisition of the Rohde & Schwarz TETRA business in August 2011 further strengthened its competitive edge in TETRA market. Hytera has established a global sales network with 30 branches in the US, UK, Germany, Australia, Brazil and other territories and through 600+ partners across the world. Hytera has an R & D team of over 1200 engineers in five research centres.
1gw: Since we've got all weekend (and possibly Monday as well) to wait until we get more rns news, I'll indulge in some speculation. I've been thinking through the scenario put forward by some of the LSE posters that Henderson has been deliberately trying to dampen volatility in the share price (by selling into rises and buying on dips) in order to encourage Hytera to bid, in the hope that a formal bid from Hytera then brings other parties to the table. In my view that could be consistent with a "reluctant" Motorola. Motorola's acquisition strategy appears to be focused on software and services and so it's hard to see quite how Sepura fits into that. A Sepura acquisition would appear more tactical for them, and might also be fraught with regulatory risk given the market concentration that could be argued. So I wonder if Motorola has indicated to Sepura/Lazard that it is not interested in pro-actively offering for Sepura, but reserves its right to bid if someone else makes an offer. This would allow Motorola to argue to its shareholders that it is bidding defensively - to stop a competitor gaining significant market share - and that if it wins a bidding contest then the synergies will make the acquisition attractive even though it is hardware-focused. Maybe just as importantly, in the case of Hytera being the first bidder, it would allow Motorola to argue to (US and European) regulators and politicians that the security benefits of keeping Sepura technology out of Chinese hands outweigh the market concentration risk of swallowing a competitor. So I can just about see the argument as credible here. Henderson could have been trying to restrain the share price in order to encourage Hytera to bid because they believe a Hytera bid will force a Motorola response. I would go further and say that the Sepura board itself might even be prepared to recommend a bid from Hytera in order to secure a higher price from them. But both Henderson and the board would no doubt be hoping that a formal bid from Hytera would provoke Motorola into a defensive bid. The risk of going the "recommended bid" route for the board would be that no-one else does join the party and they end up selling the company for less than it perhaps would have been worth if they had stayed independent and turned the business round. All speculation of course. Shouldn't be too long to wait now to see what really does happen next.
knobbly: tsmith... Just remembered I get complimentary copy of shares magazine. Here you go: hTTp:// Sepura in the crosshairs Walkie talkie technology play in demand as buyout talks continue A TAKEOVER BATTLE could emerge at struggling walkie talkies technology company Sepura (SEPU:AIM). Buyout negotiations with Chinese suitor Hytera Communications were confirmed on 4 November. Although a firm offer has yet to be made the news sparked a 47% jump in Sepura’s share price to 21.75p. Sepura’s scope to expand into the US, where it this year inked a deal with the New York Transit Authority, and other markets could spark rival interest for the TETRA technology specialist. US companies Motorola Solutions and Harris Corp could be tempted to open talks, especially given the weakness of the pound. Earlier this year Sepura moved its R&D centre and headquarters into a state of the art facility in the Cambridge Research Park in Waterbeach, Cambridgeshire, keeping most of its costs in the UK. Sepura has struggled with delayed orders and mounting debts this year, resulting in a big share price decline from peaks of 197.5p in April. (SF)
chadders: My thoughts... According to the financials, SEPU has an enterprise value of £111 million at a share price of 18.5p. As I understand it that values the purchase price of the business at 30p a share if nothing else changes as there are 370 million shares issued. The share price will increase next week so the offer from any potential suitor will have to be north of 30p. The recent placing at 35p would have averaged down the share price paid by the instis and larger holders quite a lot but it would still be significantly above 35p. They get the same price we PIs do. The platform is in place to deliver a substantial recovery in 2017. In my view this approach will have to be north of 45p to stand any chance of success.
1gw: Agree about the Chairman and interim CEO, Camelot5, although if the Times article is right about Lazard's being appointed a while ago to run a sale process then that complicates the picture a bit. It may be the board thought it prudent to run the sale process in parallel with the moves to turn the company round. That way, if things get any worse or the bankers get difficult over the covenant renegotiation, they have a fallback of sale. And if the sale process gets good results, say Hytera are persuaded to table a formal offer and that draws in Motorola and/or other bidders and the price gets interesting, then shareholders have the option of taking the "bird in the hand" rather than wait for the turnaround. All to play for now. I wonder, now Hytera are officially in the frame, if they might want to table something tomorrow morning to pre-empt the share price getting away from them. Again if the Times article is correct and Lazard's have been running a formal sale process, then Hytera probably have sufficient information to table a formal offer. Tabling it tomorrow would mean it can be presented as an x% premium to Friday's close, whereas any later and they may have to present it as a much smaller premium to the then-current price or even as a discount depending on how the share price moves.
sh1984: :-) 4 November 2016 Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. This is an announcement falling under Rule 2.4 of the Takeover Code (the "Code"). It does not represent an announcement of a firm intention to make an offer under Rule 2.7 of the Code. Accordingly, there can be no certainty that an offer will be made. Sepura plc ("Sepura" or "the Company") Possible offer Further to the recent share price movement, the Board of Sepura (LON: SEPU) confirms that it is in preliminary talks with Hytera Communications Corporation Limited ("Hytera") regarding a possible offer for the entire issued and to be issued share capital of the Company. Hytera has confirmed to the Board of Sepura that any offer, if made, is likely to be solely in cash. There can be no certainty that any offer will be made, nor as to the terms of any such offer. As a consequence of this announcement, an 'Offer Period' has now commenced in respect of the Company in accordance with the rules of the Code. As required by Rule 2.6(a) of the Code, Hytera is required, by not later than 5.00 p.m. on 2 December 2016, either to announce a firm intention to make an offer in accordance with Rule 2.7 of the Code or to announce that they do not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. A further announcement will be made in due course, as appropriate. Off Topic No Opinion Reply to post
l0ngshanks: This company manufactures outside the UK, does most of its business outside the UK, does most of its R&D in the UK and has most of its Admin costs in the UK and reports in Euros. Putting all these together, the UK Referendum and negative Balance of Trade impacts on exchange rates should not adversely affect Sepura and may be marginally beneficial. The trading update on the 22nd will hopefully allay short-term fears and result in some improvement in the share price. However, there can't be any more bad news, if the share price is to ever recover and there must be some demonstrable progress and convincing management/board action before the share price rebounds. Longer term, Sepura has to explain how it will continue to grow when the TETRA market starts to decline, and this is probably imminent, if it hasn't already started. I hope this helps genuine investors and followers of Sepura.
investment dave: Sepura’s shares are up after the company announced a major new contract win. Sepura has been selected by a large continental European public safety organisation to provide 19,000 SC20 series hand-portable radios. The contract builds on Sepura’s strength in the public safety market and shows that its current strategy is improving the company’s overall performance. Sepura’s outlook is rather mixed. Although its profitability is due to fall significantly in the current year, next year is expected to represent a major step forward for the business. Sepura is forecast to increase its pre-tax profit from £0.4m in the current year to £11.6m in the next financial year. This step change in profitability has the potential to boost investor sentiment in Sepura and could cause its share price to rise. Furthermore, Sepura offers excellent value for money. It trades on a forward price-to-earnings (P/E) ratio of just 6.1. This shows that even if its bottom line performance is lower than that currently anticipated by the market, Sepura has a sufficiently wide margin of safety to merit investment for the long term. In terms of dividends, Sepura isn’t expected to make any shareholder payouts in either the current year or next year. However, for growth investors Sepura has real appeal and alongside Swallowfield, the gains made thus far today could continue over the coming months and years.
tjbird: International companies are preparing to cash in on Brexit with a sustained targeting of Cambridge UK technology businesses, investment sources close to the action have told Business Weekly. Opportunist strikes are increasingly likely over the next few months, principally from US and Asia sources who have already signalled their intentions to Cambridge business brokers – and in some cases via direct contact with companies themselves. SoftBank’s controversial, high profile $31 billion bid for ARM looks like being just the start. Sepura, the communications technology business, now reveals that it has been targeted. Two of the city’s brightest young tech companies – one in software and one in the broader communications tech arena – have also confirmed approaches to Business Weekly. One has rejected a bid offer from a potential US acquirer. The other is likely to go in a matter of months if the price is right. Sepura has had a rough ride since reporting short-term liquidity issues and its share price crashed from £1.97p at the start of April to the low-50s. Its stock has risen significantly in the last week, prompting Sepura to concede that it had received a “very preliminary approach from a third party which had since confirmed that it does not intend to submit a formal offer.” The company remains a prime target having recently raised £65m and opened up burgeoning opportunities in North and Latin America with the acquisition of Teltronic. Given its share price and market cap of £199.68m allied to a broadening suite of technologies, Sepura is an attractive target.
Sepura share price data is direct from the London Stock Exchange
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